China's search engine firm Sogou to seek IPO in U.S.

Updated 2017-08-01 16:32:35chinadaily.com.cn

Sogou Inc, a Chinese search engine operator, announced on Monday that it plans to go public in the U.S..

Its parent company Sohu.com said Sogou expected to submit paperwork to the U.S. Securities and Exchange Commission this year for a possible initial public offering (IPO). But the company has not disclosed how many American depositary shares would be offered or at what price.

Bloomberg previously reported Sogou may sell 10 percent of its shares and the IPO size will be at billion.